InvestSMART

Brickworks Limited (ASX:BKW)

ALERT: Price-sensitive ASX Announcement for BKW
Current share price for BKW : $33.020 -3.45 (-9.46%)+
Announcement
Release
10 Sep 2025 3:14PM
Price at Release
$36.470
Full Release
download
Summary
The document details the outcomes of share scheme and general meetings for Washington H. Soul Pattinson and Company Limited (Soul Patts) and Brickworks Limited (BKW). The resolutions to approve the SOL Share Scheme and the BKW Share Scheme were both passed by their respective required majorities, with a significant majority of shareholders voting in favor. The next steps involve the approval of the Court scheduled for 12 September 2025, after which the share schemes are expected to become legally effective. The implementation is set to follow the lodgement of court orders with the ASIC, and trading adjustments on the ASX are anticipated. Shareholders of both companies will receive shares in Topco upon implementation.
Key Points
  • SOL Share Scheme Resolution passed with 96.84% approval from voting shareholders.
  • BKW Share Scheme Resolution passed with 97.40% approval from voting shareholders.
  • Court approval scheduled for 12 September 2025.
  • Respective schemes will become effective after court approval and ASIC lodging.
  • Trading adjustments on ASX anticipated post-implementation.
  • Topco shares to be distributed to SOL and BKW shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.